info_e12wt4cs – Page 84

10 Apr

Rangel plans office at Nakop border

info_e12wt4csObserver Money

CHAMWE KAIRA Rangel, the logistics company, will also open a new office in Nakop, on the Namibian border, which will augment its current presence in Zambia and Tanzania. The logistics company entered the South African market in 2020 and has reaffirmed its commitment to helping Africa realise the potential of the African Continental Free Trade Area (AfCFTA) agreement through the additional investment of €6 million (N125.6 million) in a warehouse in South Africa. Covering an area of 10,000 m² near OR Tambo International Airport, the new warehouse will serve as a central hub for Rangel's expanding Contract Logistics offering, as…

10 Apr

NSX’s market capitalization grew to N$46.4 billion

info_e12wt4csObserver Money

CHAMWE KAIRA The Namibia Stock Exchange (NSX) had 12 primary listed companies as at 31 December 2024. The local market capitalisation, representing the total value of locally listed stocks, grew by 1.8% quarter-on-quarter and by 5.2% year-on-year to N$46.4 billion. The Namibia Financial Institutions Supervisory Authority, said in the 2024 Fourth Quarter report that on a quarter-on-quarter basis, the local index rose by 1.3%, and by 2.9% year-on-year to 691 index points as at 31 December 2024. The value of securities traded declined by 93.1% quarter-on-quarter, and by 155.9% year-on year to N$123.9 million as at 31 December 2024. As…

10 Apr

Imports of commercial vehicles from SA increase

info_e12wt4csObserver Money

CHAMWE KAIRA The Southern African Customs Union (SACU) emerged as the biggest export destination for Namibian goods in February with a share of 30.7% of total exports, the Namibia International Merchandise Trade Statistics Bulletin revealed. BRICS and the OECD followed in second and third positions, contributing 23.7% and 23.3% to Namibia’s total exports, respectively. The Southern African Development Community (SADC), excluding SACU, and the European Union (EU) respectively occupied the fourth and fifth positions, accounting for 18.8% and 17.8% of total exports. Exports to SACU consisted mainly of non-monetary gold, while the export basket to the BRICS market was dominated…

10 Apr

Tumas project delayed by two years

info_e12wt4csObserver Money

CHAMWE KAIRA Deep Yellow, which is developing the Tumas Project in Erongo Region, has said the construction schedule has increased from 18 to 24 months and production ramp-up has also increased from six months to a more conservative case of 15 months. The company said this schedule estimates wet commissioning will be completed within 24 months after Final Investment Decision (FID) decision, with ore processing and production ramp-up commencing thereafter. Deep Yellow said the first product into drums is anticipated approximately two months after ore processing commences. “The schedule estimated for Tumas is considered to be conservative and will be…

10 Apr

Namibia sports requires a standardised salary scale and strong governance

info_e12wt4csOpinions, Sports

Mathew Haikali Take a moment to think about the coaches, administrators, and volunteers who pour their time and energy into developing athletes and keeping the wheels of Namibian sport turning. Many of them do this with little certainty about their future, unclear pay expectations, and often without contracts that properly recognise their skills and qualifications. One of the biggest challenges in our sports sector—one that rarely gets the attention it deserves—is the lack of a standardised salary scale. Right now, hiring and firing in sports often feels random. There’s no consistency, no clear benchmarks tied to qualifications or experience, and…

10 Apr

Is the era of shacks marketability here?

info_e12wt4csOpinions

Kae Matundu-Tjiparuro LOOKS like those living in shacks in suburban Namibia, which euphemistically are defined by officialdom as informal settlements, not to mention in the rural areas where since the dawn of colonialism, shacks have been the only form of decent housing and settlement, they are here to stay forever. Telling from the latest push by the administration that has just been ushered in following the inauguration of Meme Netumbo Nandi-Ndeitwah (NNN) as President of the Republic of Namibia on the 35th anniversary of our independence on the 21st of last month. Barely a month after NNN’s announcement of her…

10 Apr

The silent struggle of the Namibian boy child

info_e12wt4csOpinions

Sakaria Johannes I was listening to a powerful and heartfelt speech by Namibia’s First Gentleman, General Lt. Epaphras Denga Ndaitwah. He was speaking about the need to uplift the boy child, a message that struck me deeply. In his voice, I heard the urgency, the concern, and the compassion of someone who sees the invisible struggles that many of our boys endure. lingered in my mind because they capture a growing truth in Namibian society, weare losing our boys, not all at once, but slowly, quietly, and tragically. Namibia, like much of Africa, is transitioning from a traditional African society…

09 Apr

Etunda Green Scheme boosts maize output

info_e12wt4csMain

Niël Terblanché The Etunda Green Scheme in the Omusati region has seen a rise in maize yields this year, with production increasing from an average of 7 tonnes per hectare to as much as 11 tonnes per hectare on some fields irrigated by pivot systems. According to acting farm manager Sackey Shilyomunhu, the outstanding turnaround follows much-needed repairs and replacement of equipment that had previously hampered operations. “The transformation is evident across the 450 hectares now allocated to commercial farming and 220 hectares for small-scale farmers—more than double the area under cultivation compared to last year,” he said. “This year,…

09 Apr

‘Creative industry is not a hobby’ – Tutjavi

info_e12wt4csNational News

Ester Mbathera Young lawmaker, Fenny Tutjavi, has called for the creative industry to be recognised as a vital sector of the economy capable of creating jobs and generating revenue. According to her, the creative industry is not a side hustle but has the potential to create jobs and make money for the country. “It is high time we stop treating the creative industry as a hobby sector. Arts, music, and media are not side hustles. They are industries,” she said. She said this during her maiden speech in the National Assembly on Wednesday. She said these industries can employ thousands,…

09 Apr

Havana, Hakahana residents decry open sewage trenches

info_e12wt4csNational News

Hertta-Maria Amutenja Residents of the Havana and Hakahana residential areas in Windhoek have raised alarm over open sewage trenches along the Hakahana-Havana Road and Peter Nanyemba (Monte Cristo) Road, calling the situation a serious public safety risk. In a statement issued on Tuesday, the Affirmative Repositioning (AR) Movement said more than five vehicles have fallen into the trenches recently, with criminal activity around the sites also on the rise. AR Khomas regional chairperson Sem David said the unfinished road and sewage works have left the area unsafe for motorists, pedestrians, and children. “Children are seen playing inside the trenches. These…